Johannesburg - The Competition Tribunal on
Friday approved with conditions the amalgamation of the retail assets of Afgri
[JSE:AFR] and Senwes.
The two agricultural firms will form a
50-50 joint venture into which each will contribute their respective farming
requisite retail stores.
These stores sell a range of key
agriculture inputs such as fertiliser‚ animal feed‚ seed‚ fuel‚ vaccinations
and crop protection to farmers.
The tribunal requested that a number of
changes be made to the tendered conditions‚ including that all permanent‚
contract and temporary employees be bound to certain terms of the conditions‚
which were aimed at preventing the anti-competitive exchange of information
between Afgri and Senwes.
The Competition Commission and the merging
parties made the changes and the tribunal has now approved the deal with the
The tribunal‚ as part of several monitoring
conditions‚ imposed a condition which requires reporting on an annual basis to
the commission on compliance with the conditions.
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